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Rio Tinto PLC on Friday sounded a cautious note on the global economic outlook, even as it reported a lift in shipments of its flagship product iron ore, the main ingredient in steel.
The Anglo-Australian mining company RIO UK:RIO highlighted concerns about a growing risk of a recession, and said the trade disruptions, food protectionism and energy crisis squeezing supply chains will need to ease significantly before inflation pressures subside.
“The…
